Volkswagen will develop its three mass-market brands more unique to lower overlaps and defuse stress within the automaking group, its CEO said on Thursday. The automaker is aiming to make cost savings and become more effective to help fund a costly shift to electric vehicles following diesel emissions scandal. CEO Matthias Mueller stated the Volkswagen

Volkswagen is relocating to protect long-lasting supplies of cobalt, an important component of rechargeable batteries, as the group speeds up its enthusiastic shift to electric cars. Cobalt industry sources told Reuters that the automaker, has asked producers to send proposals on providing the product for as much as 10 years from 2019. Volkswagen, which chose

Volkswagen is a “second mover” in electric commercial vehicles, after lagging companies including Tesla and Deutsche Post DHL in putting them on the road, the head of VW’s trucks business stated. He stated Volkswagen had emissions-free options to conventional trucks and buses on offer. “Cultures are not changed overnight,” German newspaper Tagesspiegel quoted Andreas Renschler

Volkswagen and Anhui Jianghuai Automobile (JAC Motor) have gotten approval from Chinese regulators to form a joint venture to develop electric vehicles, the two companies stated on Monday. The National Development and Reform Commission (NDRC), China’s leading state organizer, provided a green light to JAC and Volkswagen to develop 100,000 pure battery electric vehicles yearly

Volkswagen Group of America informed a U.S. subsidiary that will handle $2 billion in investments in zero no emission vehicle (ZEV) infrastructure and awareness programs over years as part of a court settlement on its known diesel emissions. Volkswagen said the unit plans to set up over 500 charging stations in the country, consisting of

Europe’s biggest automaker Volkswagen sees constructing its own factory to make electronic vehicle batteries as a sensible move as it expands production of low-emission automobiles after its emissions scandal. Volkswagen and its labor unions settled on Friday to cut 30,000 jobs at the core Volkswagen brand name in exchange for a dedication to prevent forced

Volkswagen AG is checking out a joint venture to make electrical vehicles in China with a state-run business, part of its aggressive push into electric-vehicle production as the auto maker works to fix its emissions cheating scandal. The automaker has signed a memorandum of cooperation with China Anhui Jianghuai Automobile Co. for a possible collaboration,

Volkswagen is going to stop producing over 40 car models in the coming years as part of a new plan made by the automaker. Volkswagen stated it will invest billions of euros in electric automobiles, ride-hailing and automated driving to qualify as the world’s leader in green transport by 2025. Pointing company sources, German newspaper

Volkswagen AG CEO Matthias Müller prepares to reveal a sweeping restructuring Thursday, the broadest overhaul of the automaker in years and part of the company’s effort to get rid of its emissions crisis in part by moving strongly into electrical vehicles, self-driving vehicles and digital mobility services. Mr. Müller intends to simplify a company that

Volkswagen is preparing to scale up its electric car (EV) operations with its own battery factory, as per numerous media reports. German regional paper, Hondelsblatt, states the auto maker prepares to develop a multibillion euro factory that will construct EVs independent of any assistance from battery makers such as Panasonic, Samsung, and LG Chem. The